This kind of strategy is a safe long term investment, usually played in high timeframes such as 4H, 1D etc. It is perfect for beginners in trading as the process is very simple: buy and sell as soon as you receive the alert. The high timeframes allows to trade manually by receiving alerts on your phone or email, but you can also automate it.
The primary goal of these strategies is to increase your capital faster than someone simply holding the asset.
Creating a signal is as simple as adding the indicator called [ALERT SETUP] to your chart and click "Set alert". Select "Once per bar close" for your alert options.
The Heikin Ashi candles are very usefull. This strategy is built upon H.A. candles but is used on normal candles, because H.A. candles price are an average of real candles and we want to know the real price. I did the trick by recalculating the H.A. open, high, low and close with the original formula from the real candle's ohlc. This allows me to use the strategy tester and backtest with real results.
This indicator also comes with The Backtest version, which uses TradingView's Strategy Tester to show results based on past trades. Use this version to find the best timeframe for this strategy, ie. the one that gives the higher net profit for a fixed period of time.
The trades are made with no leverage and 100% equity. You can use several strategies at once, in this case split your equity accordingly.
I already backtested a few pairs and found the best timeframes to use this indicator.
Backtest Results below.
More backtest results can be found on my Discord channel.
Private Discord Server: https://discord.gg/AwZVFDh
1. Purchase the indicators or 7-Day Trial
2. Create your account here and I will grant your account access within 24 hours!
Once I grant you access, you will receive a notification.
Then, to access the Cyatophilum indicators, simply click on 'Indicators' at the top of a live chart,
Finally, click on “Invite-Only Scripts”. There you will see the Cyatophilum indicators.
Click on an indicator to activate it. Start trading!
When I create an alert, how do I choose between "Once per bar" and "Once per bar close" ?
A "Once per bar" alert will trigger on the first tick of the bar which alert condition is true. A "Once ber bar close" alert will only trigger at bar close if the alert condition is still true at bar close.
Use "Once per bar" for manual trading. The alert will trigger sooner but is not as strong as if we waited bar close. Profits and risks are increased.
Use "Once per bar close" for automated trading. Unlike "Once per bar", a "Once per bar close" alert of the same type (buy or sell) cannot trigger more than once in a row. Thus it is suited for a trading bot which send buy and sell orders to a broker. Also those alerts correspond to the backtest results given buy the backtest version given with each indicator.
Should I expect repainting issues with any of the Cyatophilum Indicators ?
I code my indicators in such a way that each candle is calculated from previous candles data only. I do not use the security function which I know is currently bugged and causes repainting issues. Alerts are hosted on TradingView servers.
Can I use the Cyatophilum Indicators on other markets than cryptocurrency ?
Yes, all of my indicators work on most of TradingView's markets. You can trade Forex, Indexes, stocks, futures and CFD. Do not hesitate to join me on my Discord Server and I will help you configure the indicators for your favorite asset.
If you are not satisfied the Cyatophilum Indicators , email me at email@example.com within 14-days and you will be fully refunded.
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All investing involves risk, do not invest more than you are willing to lose. Past results may not be indicative of future results. By purchasing this indicator, you are not garanteed to make profit.